One reason not to fully crank a valve open is that it can (not likely but can) result in damage to the valve when the temperature changes. Different metals expand and contract at different rates as the temperature changes. The change in temp as you dive could result in the seal being compressed against its stop with much greater force than you intended when you opened it. Given that the construction of the valve is not designed to meet an over open pressure this could result in damage.
Like I said unlikely however this was common practise and I am sure is normal in some industries where valves are common.
Like I said unlikely however this was common practise and I am sure is normal in some industries where valves are common.